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On January 19, 2021, yesterday's decision was made by the Ministry of Trade (Kemendag) that the price of oil dropped drastically from 1 liter of Rp. 20,000 to Rp. 14,000.
and 2 liters of oil from Rp. 40,000 to Rp. 28,000 for retail sales, this news is very encouraging, of course, for small communities and traders, especially fried food traders.
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Minister of Trade Muhammad Luthfi, revealed that the price of cooking oil fell to Rp. 14,000 per liter, not only for economical packaging. The price of cooking oil fell to Rp. 14,000 per liter for the packaging of 25 liter jerry cans.
"Therefore, the government, through the Ministry of Trade, announced a one-price cooking oil policy. Through this policy, all cooking oil, both premium and simple packaging, will be sold for the equivalent of Rp. 14,000 per liter, or all types of packaging, both premium quality and simple with sizes ranging from from 1 liter to 25 liter jerry cans, intended for household needs, as well as micro and small businesses," said Luthfi to the media virtually, Tuesday (18/1).